Similar to EURUSD, market made a perfect sell off from the 1.2710 level given for a 100 pips down before a recovery. As mentioned, GBPUSD is strong and
As mentioned, GBPUSD is stronger and indeed, there are 2x recovery. GBPUSD is still above its BZ but with bearish price action. EURUSD will be an easier short IMO but would be looking for the same for GBPUSD (if EURUSD is to go higher, than 1.2689 is likely before the turn) for a move down to 1.2581, 1.2555 (good magnet) and likely a bounce from there.
As mentioned, GBPUSD is stronger and indeed, there are 2x recovery. GBPUSD is still above its BZ but with bearish price action. EURUSD will be an easier short IMO but would be looking for the same for GBPUSD (if EURUSD is to go higher, than 1.2689 is likely before the turn) for a move down to 1.2581, 1.2555 (good magnet) and likely a bounce from there.
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